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Bond Analysis
German government bonds opened lower Thurs as risk-appetite continues to improve on optimism of an agreement to Greek debt talks, despite disagreement on pension reform. Once again, Greek talks between the three coalition party leaders last night were adjourned without no agreement on accepting conditions new bailout program, with pension reforms said to be the […]
Gold Analysis
Spot gold is staging a recovery this morning in Asia with a rally to $1739 in recent trade after opening at $1733.75 and dipping to $1726.10 in early trading. The metal hit lows in NY yesterday of $1724.50 on headlines that ECB issues might temporarily block the Greek debt agreement.
Crude Oil Analysis
Nymex crude prices are continuing to orbit around the $99.00 level with the March contract treading water ahead of a decision from Greece on the debt deal. Yesterday’s EIA weekly inventory report showed a much smaller than expected build in inventories for the latest reporting week but this failed to stop prices slipping from highs […]
Bond Analysis
German government bonds trading lower midday Wednesday amid optimism over a Greek debt/bailout deal. This optimism continues to dominate despite story that Germany’s Finance Minister Wolfgang Schaeuble is considering postponing the lion’s share of new Greece aid in order to keep pressure on Greek authorities to reform, according to the Financial Times Deutschland.
Bond Analysis
German government bonds are opening lower Wednesday amid optimism over a Greek deal. This optimism is despite delay in talks yesterday between the three coalition party leaders and deferred until today due to “arrival of new document” containing the reforms and austerity measures.
Crude Oil Analysis
Nymex WTI crude prices are heading back up towards the $100 a barrel level this morning, with the March crude consolidating strong gains seen yesterday in NY, following the resumption of some risk appetite in equities and the EUR/USD on optimism of closure over the lingering Greek debt deal.
Bond Analysis
German government bonds trading higher Tuesday, amid risk-off trades and after release of much weaker than expected German industrial output data. March Bund futures opened higher on risk-off trades as uncertainties in Greece continued to prevail and then squeezed higher in light volume.
Gold Analysis
Spot gold prices have gained 0.25% Tuesday, as the metal looks to break two consecutive down sessions. Prices extended down to a low of $1712.13 during Monday’s session, with hopes evaporating for any imminent quantitative easing from the U.S. Federal Reserve after better than expected U.S. jobs data surprised markets on Friday.
BUND Analysis
German government bonds are opening higher Tuesday as uncertainties in Greece continue to prevail. Focus is on resumption of meeting with Greece’s Prime Minister Lucas Papademos and the three party leaders to reach an agreement on accepting conditions new bailout program.
Gold Analysis
Spot gold prices have been relatively stable in Asia o/n with the metal trading a $1718.80-$1727.35 range and consolidating near the higher end of the range ahead of the European open. Traders are now positioning ahead of the impending Greek debt decision as the government delays yet again.
Crude Oil Analysis
Nymex crude prices have been relatively stable this morning in Asia with the March contract easing back from early highs of $97.41 to $96.74 largely tracking a small sell-off in the corresponding ICE Brent contract from $116.65 to $115.65.
Crude Oil Analysis
Crude futures headed lower Monday, retreating from Friday’s gains as fresh worries about European debt emerged. Light, sweet crude for March delivery recently traded $1.37, or 1.4%, lower at $96.47 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 69 cents lower at $113.89 a barrel.